10 Biotech Stocks Screaming a Buy

2. Soleno Therapeutics, Inc. (NASDAQ:SLNO)

Year to Date Gain as of June 18: 69.77%

Number of Hedge Fund Holders as of Q1: 58

Soleno Therapeutics Inc. (NASDAQ:SLNO) is one of the 10 biotech stocks screaming a buy now. On June 17, Piper Sandler reiterated an ‘Overweight’ rating on the stock with a $145 price target. The bullish stance follows positive discussions with a European specialist on the company’s VYKAT XR medication for Prader-Willi syndrome (PWS).

Piper Sandler consulted a UK-based pediatric endocrinologist to understand the drug better. The specialist indicated she would prescribe the drug as medication for Prader-Willi syndrome (PWS) to all eligible patients upon approval.

Soleno Therapeutics’ edge with the drug stems from the fact that other PWS treatments are in the early stages of development. Piper Sandler believes VYKAT XT represents significant potential as the first approved treatment specifically addressing PWS, a condition.

The biotech company plans to file a Marketing Authorization Application for VYKAT XR in the second quarter. It’s also pursuing regulatory approval in Europe as it plans to fill with the European Medicines agency. Following regulatory approvals, Soleno Therapeutics Palms will launch the drug in the first quarter of 2026.

Soleno Therapeutics is a biopharmaceutical company that develops and commercializes novel treatments for rare diseases. Their lead product, diazoxide choline extended-release tablets (DCCR), is being developed for Prader-Willi syndrome (PWS), specifically to address hyperphagia (excessive hunger).